I can't travel far from Tooting. Is there a reason why all Tooting property lawyers aren't automatically on all mortgage company panels?
Banks ordinarily impose restrictions on either the type or volume of conveyancing solicitors on their approved list of lawyers. A common example of such restriction(s) being that the firm needs to have at least two partners. As well as restricting the type of firm, some lenders decided to restrict the number of organisations they permit to represent them. You should note that banks have no responsibility for the standard of conveyancing supplied by any Tooting property lawyer on their panel. Property fraud was the primary trigger for the rationalisation of conveyancing panels a few years ago notwithstanding that there are contrary thoughts about the extent of solicitor involvement in some of that fraud. Data published by HM Land Registry exposes that thousands of conveyancing practices only conduct less than three conveyances annually. Those vindicating conveyancing panel pruning ask why law firms deserve claim to remain on a bank panel when it is apparent that conveyancing is not their primary expertise?
I am the registered owner of a freehold premises in Tooting yet charged rent, why is this and what is this?
It is rare for properties in Tooting and has limited impact for conveyancing in Tooting but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges have existed for hundreds of years, but the Rent Charge Act 1977 barred the generation of fresh rentcharges post 1977.
Old rentcharges can now be redeemed by making a one off payment under the Act. Any rentcharges that are still in existence post 2037 will be extinguished.
I require quick conveyancing in Tooting as I have an ultimatum to sign on the dotted line in less than 2 weeks. A home loan is not required. Can I decline from having conveyancing searches to save money and time?
As you are are a cash buyer you have the choice not to have searches conducted although no conveyancer would advise that you don't. With lots of history conveyancing in Tooting the following are instances of what can appear and adversely affect the marketability of the property: Enforcement Actions, Overdue Charges, Overdue Grants, Railway Schemes,...
Are there restrictive covenants that are commonly identified as part of conveyancing in Tooting?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Tooting. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
Due to the advice of my in-laws I had a survey completed on a property in Tooting ahead of appointing lawyers. I have been advised that there is a flying freehold aspect to the house. The surveyor advised that some banks may not issue a loan on a flying freehold house.
It varies from the lender to lender. Lloyds has different instructions for example to Birmingham Midshires. Should you wish to call us we can check with the relevant lender. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Tooting. Conveyancing may be slightly more expensive based on your lender's requirements.
My husband and I are four weeks into a residential purchase having been recommend to a firm by the selling agent to carry out the conveyancing in Tooting. I am am very disappointed with the level of service. Could you you assist me in finding new solicitors?
A conveyancer would have to be really poor to suggest replacing them. Has the loan offer been issued? If so you must inform them of the new conveyancer and have the mortgage documents are re-issued. The conveyancer should be on the mortgage company approved list to avoid escalating expenses and frustration. That should be your first question of the new conveyancers. Our search tool should assist you in finding a bank approved solicitor for your home move in Tooting